From Nasdaq: 2025-02-09 06:30:00

Bitcoin (CRYPTO: BTC) has a market cap of $1.9 trillion, surpassing all other cryptocurrencies combined at $3.2 trillion. Ark Investment Management, led by Cathie Wood, is bullish on Bitcoin, predicting a price of $1.48 million by 2030, with potential gains of 1,400% or even 3,800% in the long term.

Bitcoin, known for its real-world transaction – 10,000 coins for two pizzas in 2010 – still struggles to gain mainstream adoption as a currency, with just 7,040 businesses accepting it. However, its fixed supply of 21 million coins, secure blockchain technology, and decentralization make it a popular investment choice.

Ark sees several catalysts for Bitcoin’s growth, including its potential as digital gold, institutional investment through ETFs, and nation-state treasury reserves. While some catalysts may hold less weight, Bitcoin’s current price of about $98,000 could reach $1.48 million by 2030, according to Ark’s optimistic forecast.

Despite Bitcoin ETFs holding $117 billion in assets, a fraction of its $1.9 trillion market cap, it may take decades to justify Wood’s $3.8 million price target. A more realistic long-term target could be $919,000, matching the value of all world-mined gold reserves and offering an 840% potential upside for investors.

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Read more at Nasdaq: 1 Unstoppable Cryptocurrency to Buy Before It Soars 3,800%, According to Cathie Wood